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Today’s mortgage rates have fallen since last week. The drop in mortgage and refinance rates today marks the first time in five weeks that average rates have fallen week-over-week. If you’re considering purchasing a home or refinancing an existing home, check out what mortgage rates look like:
Rates for refinance are resting well below 3%, and they continue to represent a bargain compared to rates before the Great Recession.
Refinance Rates for March 9, 2021
| Loan | Today's rate | Last week's rate | Change |
|---|---|---|---|
| 30-year fixed-rate refinance | 2.875% | Last week 3.125% | -0.250 |
| 20-year fixed-rate refinance | 2.875% | Last week 2.875% | 0 |
| 15-year fixed-rate refinance | 2.250% | Last week 2.500% | -0.250 |
| 10-year fixed-rate refinance | 2.125% | Last week 2.375% | -0.250 |
Rates last updated on March 9, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
Comparing current refinance rates from multiple lenders
To find the best mortgage refinance rate, start by using Credible. Credible can show you current refinance rates for conventional loans from our partner lenders and help you make an informed decision regarding your refinance.
Today’s refinance rates
Though average rates for 10-year refinance increased by 125 basis points, 30- and 15-year refinance rates held firm at averages well under 3% for the second straight day.
30-year fixed-rate refinance
The current rate for a 30-year fixed-rate refinance is 2.875%. This is down from this time last week.
20-year fixed-rate refinance
The current rate for a 20-year fixed-rate refinance is 2.875%. This is the same as this time last week.
15-year fixed-rate refinance
The current rate for a 15-year fixed-rate refinance is 2.250%. This is down from this time last week.
10-year fixed-rate refinance
The current rate for a 10-year fixed-rate refinance is 2.125%. This is down from this time last week.
Rates last updated on March 9, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage refinance rates have changed today
Today, mortgage refinance rates have risen compared to yesterday.
- 30-year fixed-rate refinance: 2.875%, Unchanging
- 20-year fixed-rate refinance: 2.875%, Unchanging
- 15-year fixed-rate refinance: 2.250%, Unchanging
- 10-year fixed-rate refinance: 2.125, Up +0.125
Think it might be the right time to refinance? To understand just how much you could save on monthly mortgage payments by refinancing now, crunch the numbers and compare prequalified rates using Credible’s free online tool. Within minutes, you can see what multiple mortgage refinance lenders are offering.
Rates last updated on March 9, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
Mortgage Rates for March 9, 2021
| Loan | Today's rate | Last week's rate | Change |
|---|---|---|---|
| 30-year fixed-rate | 2.875% | Last week 3.000% | -0.125 |
| 20-year fixed-rate | 2.750% | Last week 2.750% | 0 |
| 15-year fixed-rate | 2.125% | Last week 2.375% | -0.250 |
| 10-year fixed rate | 2.000% | Last week 2.250% | -0.250 |
Rates last updated on March 9, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
Comparing current mortgage rates from multiple Lenders
To find the best mortgage rate, start by using Credible. Credible can show you current mortgage rates for conventional loans from our partner lenders and help you make an informed decision regarding your home loan.
Today’s mortgage rates
Mortgage interest rates today continue to stick around historic lows, with the average rate across all loan types hovering at 2.583% for the second straight day.
30-year fixed mortgage rates
The current interest rate for a 30-year fixed-rate mortgage is 2.875%. This is down from this time last week.
20-year fixed mortgage rates
The current interest rate for a 20-year fixed-rate mortgage is 2.750%. This is the same as this time last week.
15-year fixed mortgage rates
The current interest rate for a 15-year fixed-rate mortgage is 2.125%. This is down from this time last week.
10-year fixed mortgage rates
The current interest rate for a 10-year fixed-rate mortgage is 2.000%. This is the same as this time last week.
You can explore your mortgage options in minutes by visiting Credible to compare current rates from various lenders. Check out Credible and get prequalified today.
Rates last updated on March 9, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
How mortgage rates have changed today
Today, mortgage rates are unchanged compared to yesterday:
- 30-year fixed-rate mortgages: 2.875%, Unchanging
- 20-year fixed-rate mortgages: 2.750%, Unchanging
- 15-year fixed-rate mortgages: 2.125%, Unchanging
- 10-year fixed-rate mortgages: 2.000%, Unchanging
Rates last updated on March 9, 2021. These rates are based on the assumptions shown here. Actual rates may vary.
If you’re trying to find the right rate for your home mortgage, consider using Credible. You can use Credible’s free online tool to easily compare multiple lenders and see prequalified rates in just a few minutes.
How to get the best mortgage rate
Your mortgage rate is based on a variety of factors, including your credit score, loan amount, the length of your home loan, and more.
If you’re looking to score the best mortgage rate, here are some steps you need to take:
- Give your credit score a boost. By maximizing your credit score, you put yourself in a better position to receive the best rate.
- Make a 20% down payment. The more you put down, the less risk you’ll pose to a lender, which can lead to a better rate. As an added bonus, you’ll avoid costly private mortgage insurance (PMI).
- Keep your income steady — or increase it. If possible, avoid changing or quitting jobs before applying for a mortgage.
- Consider a 15-year mortgage. If you can handle the higher monthly payments, consider taking on a 15-year mortgage instead of a 30-year loan. The shorter term means less risk for the lender, and more favorable interest rates for you.
Some first-time homebuyer programs offer low-interest loans as well, and paying with mortgage points can also qualify you for a lower rate.
